2nd Crypto Investor Charged in Bizarre Kidnapping Case

Italian man says he was held for weeks by captors who wanted his Bitcoin password
By Newser Editors and Wire Services
Posted May 28, 2025 12:30 AM CDT
2nd Crypto Investor Charged in Bizarre Kidnapping Case
New York police officers arrest John Woeltz, Friday, May 23, 2025, in New York, who was charged with kidnapping, assaulting and holding a man against his will for several weeks in an upscale Manhattan town house.   (AP Photo/Kava Gorna via AP)

A second cryptocurrency investor surrendered to police Tuesday in the alleged kidnapping of a man who said he was tortured for weeks inside an upscale Manhattan townhouse by captors seeking the password to access his Bitcoin account, the AP reports. William Duplessie, 32, faces charges of kidnapping, assault, unlawful imprisonment, and criminal possession of a weapon, according to police. His arrest comes four days after the alleged victim—a 28-year-old Italian national—escaped, bloodied and barefoot, from a lavish townhouse where he said he had been severely beaten, drugged, shocked and threatened with death for nearly three weeks. On Friday evening, hours after the man's escape, the crypto investor John Woeltz was taken into custody and charged in the alleged kidnapping scheme.

Authorities said the pair lured the victim into an eight-bedroom townhouse in Manhattan's Soho neighborhood, one of the most expensive in the city, on May 6 to steal his Bitcoin fortune. Over the next 17 days, the man told police he was bound by the wrists, shocked with electrical wires, pistol-whipped, cut on the leg with a saw, and forced to smoke from a crack pipe. At one point, he said, he was dangled from the home's top flight of stairs. Believing he would soon be killed, the victim said he agreed Friday morning to give the men access to the password. As the men went to retrieve his computer, the victim was able to escape from the home and flag down a traffic agent.

A search of the townhouse turned up a trove of evidence, prosecutors said, including cocaine, a saw, chicken wire, body armor, night vision goggles, ammunition, and polaroid photos of the victim with a gun pointed to his head and a crack pipe in his mouth. The victim was hospitalized with injuries to his wrists consistent with being bound, cuts to his face and other injuries, authorities said. Duplessie is due to be arraigned in a Manhattan court on Tuesday afternoon.

(More bitcoin stories.)

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